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CHAP. 72

Chapter 72.

An Act to incorporate the Bucksport Village Corporation.

Be it enacted by the Senate and House of Representatives

in Legislature assembled, as follows:

limits.

SECT. 1. The territory embraced within the first school Corporate district of the town of Bucksport together with the inhabitants thereon, is hereby created a body politic and corporate by the name of the Bucksport Village Corporation, with all corporate the rights and privileges granted by the laws of the state to corporations.

name.

money.

SECT. 2. Said corporation is hereby authorized and vested May raise with power at any legal meeting called for the purpose, to raise money by assessment or loan for the following purposes, to create and maintain a fire department, to maintain a police and a night watch, to light the streets and to procure or pay for water for fire and domestic purposes, to construct and repair sewers and sidewalks, and for the support of schools, and may make all suitable contracts for the purposes aforesaid, and may lay pipes or authorize the same in the public streets for purposes of sewerage and water supply.

-valuation.

SECT. 3. Money raised by said corporation for any lawful How assessed. purpose, shall be assessed upon the property and polls, within. the territory aforesaid, by its assessors, in the same manner as town taxes are assessed. The assessors may copy the last valuations of said property, made by the assessors of the town of Bucksport, and assess the tax thereon, or if the corporation shall so direct, may correct said valuation, or make a new valuation thereof, according to the principles established by the last state tax, and assess the tax on that valuation. SECT. 4. Upon a certificate being filed with the assessors Taxes, how of the corporation by the clerk thereof, showing the amount of money lawfully raised at any meeting, they shall proceed as soon as may be, to assess the same upon the polls and estates of the persons residing upon the territory aforesaid, and upon the estates located therein, of non-resident proprietors, and lists of the assessments so made shall be certified and delivered to the collector of said corporation, who shall collect the same as town taxes are collected, and pay the same within such time as the warrant shall prescribe, to the corporation treasurer; and the treasurer shall receive the same and

collected.

CHAP. 72

Officers.

By-laws.

Officers, how chosen.

-first election, how called.

Clerk and duties.

Collector and

treasurer, shall give bond.

When charter may be accepted.

-meetings, how called.

pay it out on the orders of the assessors for legitimate expenses of the corporation, and keep regular accounts of his official transactions, and exhibit the same to the assessors when requested, and make report to each meeting of the corporation at which officers shall be chosen. The corporation shall have the same power which towns have to direct the mode of collecting taxes.

SECT. 5. The officers of the corporation shall consist of a clerk, treasurer, collector, three assessors and such other officers as its by-laws may properly allow; and said officers shall hold office for one year from the dates of their elections, and afterwards until their successors are chosen and qualified, and shall severally have exclusively all the power and authority within the limits of said corporation, that similar officers chosen by towns, now have or may have.

SECT. 6. The corporation, at any legal meeting, may adopt a code of by-laws not repugnant to the laws of the state, nor to its charter, for the efficient management of its affairs.

SECT. 7. All officers of the corporation shall be chosen by ballot and sworn to the faithful performance of their duties; the first election to be at the meeting of the legal voters on the territory aforesaid, called to accept this charter, and the annual elections shall be held in the month of April.

SECT. 8. The clerk shall record all the doings and proceedings at the meetings of the corporation.

SECT. 9. The collector and treasurer shall each give bond in such sum and with such sureties as the corporation or its assessors may order, but in not less than double the amount of the taxes raised as aforesaid, to the inhabitants of the corporation, for the faithful performance of their duties; and said bonds shall be approved in writing by the assessors and clerk, and kept by the clerk.

SECT. 10. This charter may be accepted at any time within five years from its approval by the governor, and its rejection in any calendar year shall not prevent its acceptance in any later calendar year during the time aforesaid. E. P. Emerson, O. F. Fellows, G. W. McAlister, George W. Abbott, or either of them may call all meetings of the inhabitants of said territory, previous to the acceptance of this charter and the election of officers, by publishing th time, place and objects of said meeting, in the Ellsworth American, seven

days at least before the time of holding the meeting; and all CHAP. subsequent meetings shall be called and notified by the assessors as town meetings are called and notified.

of voters.

SECT. 11. All persons liable to be taxed for polls, residing Qualification within the limits of said corporation, shall be legal voters at any meeting thereof.

accepted.

SECT. 12. At any meeting prescribed in section ten of Charter, how this act, the legal voters shall vote by ballot on the question of accepting the charter; and if two-thirds of all the persons present and voting lawfully at said meeting, shall vote in favor of its acceptance, then it shall take effect, and the corporation shall proceed to organize and choose its officers. SECT. 13. This act shall not, either before or after its acceptance, destroy or abridge any right, power or duty of abridged. the town of Bucksport.

73

Powers of town,

shall not

take effect.

SECT. 14. This act shall take effect when approved by the When act shall governor, but shall not bind the inhabitants of the territory aforesaid, until its acceptance by them as hereinbefore provided.

Approved February 17, 1891.

Chapter 73.

An Act to amend section two of chapter one hundred and forty-one of the Private and Special
Laws of eighteen hundred and eighty-seven, relating to Phillips Village Corporation.

Be it enacted by the Senate and House of Representatives in Legislature assembled, as follows:

Section two of chapter one hundred and forty-one of the private and special laws of eighteen hundred and eighty-seven is hereby amended by inserting after the word "department" in the ninth and tenth lines the following: and to erect and maintain lamp posts and lamps and provide for lighting the streets within the limits of said corporation and to make contracts with any persons or corporations for said purposes, and it may authorize its assessors to make such contracts which shall be binding on said corporation,' so that said section as amended, shall read as follows:

Sec. 2, ch. 141,

Private Laws of

1887, amended.

money for support of fire

'SECT. 2. Said corporation is hereby invested with power, May raise at any legal meeting called for the purpose to raise such sums of money as may be sufficient for the support of a suitable department, etc. number of hydrants, in case water is brought into its limits in

CHAP. 74 a suitable manner and sufficient quality, and suitable fire engines, engine houses, hose, buckets, hooks and ladders, and provide a sufficient quantity of water in the different parts of said corporation for the extinguishment of fire, and for organizing and maintaining within its limits an efficient fire department; and to erect and maintain lamp posts and lamps and provide for lighting the streets within the limits of said corporation, and to make contracts with any persons or corporations for said purposes, and it may authorize its assessors to make such contracts, which shall be binding on said corporation, and no money shall be raised for any other purpose except as above specified.'

Approved February 17, 1891.

Corporators.

-corporate name.

Location.

Purposes.

Chapter 74.

An Act to incorporate the Bath Safe Deposit and Trust Company.

Be it enacted by the Senate and House of Representatives in Legislature assembled, as follows:

SECT. 1. John H. Kimball, Arthur Sewall, Charles Davenport, Levi W. Houghton, Galen C. Moses, Franklin Reed, Charles E. Patten, William F. Moses, James D. Robinson, Parker M. Whitmore, John S. Elliot, Henry E. Palmer, Moses G. Shaw and John P. Delano, their associates and successors, are hereby made a corporation by the name of the Bath Safe Deposit and Trust Company, and as such shall be possessed of all the powers, privileges and immunities, and subject to all the duties and obligations conferred on corporations, by law except as otherwise herein provided.

SECT. 2. The corporation hereby created shall be located at Bath, Sagadahoc county, Maine.

SECT. 3. The purposes of said corporation, and the business which it may perform, are to receive on deposit, money, coin, bank notes, evidences of debt, accounts of individuals, companies, corporations, municipalities and states, allowing interest thereon if agreed, or as the by-laws of said corporation may provide; to borrow money, to loan money on credits or real estate or personal security, and to negotiate loans and sales for others; to guarantee the payment of the principal and interest of all obligations secured by mortgages

of real estate running to said Bath Safe Deposit and Trust CHAP. 74 Company, to issue its own bonds or obligations, based upon real or personal property conveyed to it in trust to secure the payment of such bonds or obligations and the interest thereon; to hold for safe keeping all kinds of personal or mixed property, and to act as agent for the owners thereof, and of real estate, for the collection of income on the same and for sale of the same, and to act as agent for issuing, registering and countersigning certificates, bonds, stocks, and all evidences of debt or ownership in property; to hold by grant, assignment, transfer, devise or bequest, any real or personal property, or trusts duly created, and to execute trusts of every description; to act as assignee, receiver, executor, and no surety shall be required upon the bond of the corporation, unless the court or officer approving such bond shall require it; to hold and enjoy all such estates, real, personal and mixed, as may be obtained by the investment of its capital stock or any other moneys and funds that may come into its possession in the course of its business and dealings, and the same sell, grant, mortgage and dispose of, except as provided in section ten; to do in general all the business that may lawfully be done by a trust or banking company.

etc., may

SECT. 4. Administrators, assignees, guardians or trustees, Administrators, any court of law or equity, including courts of probate and deposit with. insolvency, officers and treasurers of towns, cities, counties and savings banks of the state of Maine, may deposit any moneys, bonds, stocks, evidences of debt or of ownership in property, or any personal property with said corporation, and any of said courts may direct any person deriving authority from them to so deposit the same.

shall not

commence

business until

SECT. 5. The capital stock of said corporation shall be Capital stock. one hundred thousand dollars, divided into shares of one hundred dollars each, with the right to increase said capital at any time, by vote of the shareholders, to any amount not exceeding one million dollars. Said corporation shall not commence business until stock to the amount of one hundred thousand dollars shall have been subscribed for and paid in. SECT. 6. The shareholders of this corporation shall be Responsibility individually responsible, equally and ratably, and not one for the other, for all contracts, debts and engagements of said corporation to a sum equal to the amount of the par value of

$100,000 has been paid in.

of shareholders.

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